What FRA-Services AG does

FRA-Services AG is a privately held German Aktiengesellschaft headquartered in Stuttgart, founded in 2009, that provides bespoke financial risk analysis services to enterprise procurement and supply chain management departments. Its core offering is the FRA Financial Risk Analysis, a four-page report covering company overview, earnings and liquidity, balance sheet structure, and debt/working capital/investment behavior, prepared individually by experienced balance sheet analysts rather than generated from standardized templates. The company layers on a proprietary scoring system validated by Steinbeis Analytics, plus an FRA+ Scenario Analysis add-on that projects supplier stability under varying macroeconomic parameters, a structured Supplier Dialogue (Lieferantengespräch) service, and FRAcademy workshops for purchasing team training. The proprietary Scorebox web platform orchestrates the full request-to-report workflow with secure document exchange, portfolio filtering, and role-based access. Data is processed and stored on German servers, supporting compliance-sensitive enterprise customers.

The business model is professional services-led with a digital platform component: revenue is generated through commissioned FRA reports and FRA+ scenarios priced on a quote basis, recurring Scorebox access, and FRAcademy training. Go-to-market is consultative enterprise sales, primarily direct outreach plus partner referrals, targeting named customers such as thyssenkrupp Automotive, HOMAG GmbH, and IMEXTRADING Maschinenhandels GmbH. A network of complementary partners extends the offering into financing, restructuring, supply chain consulting, recruiting, and real estate advisory. With approximately 6 employees and over 10,000 analyses completed since founding, FRA operates as a focused specialist rather than a scaled SaaS business, prioritizing analyst-led quality over automation. Leadership consists of Rolf Berner as Chairman of the Executive Board (Vorstandsvorsitzender) and Karsten Helber as Chairman of the Supervisory Board (Vorsitzender des Aufsichtsrates).

Name

FRA-Services AG

Legal name

FRA-Services AG

Website

https://fra-services.de

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

FRA-Services AG is a Stuttgart-based specialist that delivers bespoke, analyst-prepared financial risk analyses of suppliers to enterprise procurement and supply chain risk teams, supported by the Scorebox workflow platform and FRAcademy training workshops.

Ownership category

akta.pro rank

Product category

Supplier Financial Risk Analysis Services

NAICS

Process, Physical Distribution, and Logistics Consulting Services (541614), Management Consulting Services (54161)

akta.pro primary industry

Supply Chain Planning (S&OP/IBP, Demand & Inventory) (BPAHAHAD)

Keywords

• Supplier financial risk analysis
• Supply chain risk management
• Credit risk assessment services
• Financial scenario analysis
• Procurement risk consulting

Headquarters

HQ city

Stuttgart

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. FRA Financial Risk Analysis: Bespoke financial risk analysis reports prepared by experienced balance sheet analysts for each supplier evaluated. Customers (procurement departments) commission analyses of their suppliers. Pricing is quote-based / not publicly disclosed. The company offers a Scorebox platform where customers can request, manage, and retrieve analyses.
2. FRA+ Scenario Analysis: Advanced scenario analysis service building on the standard FRA, offering forward-looking insights into supplier financial stability under different macroeconomic parameter assumptions (energy costs, financing costs, inflation, technology change). Sold as an additional or standalone analysis.
3. Scorebox Platform Access: Web-based platform providing secure document exchange, portfolio management, and report retrieval. Available to FRA customers and their suppliers. A 15-minute training session is offered before onboarding. The platform is available for account creation via contact with FRA.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

FRA-Services AG provides bespoke financial risk analysis of suppliers for enterprise procurement and supply chain risk management departments. Each engagement produces a four-page FRA Financial Risk Analysis report (with optional FRA+ scenario analysis), supported by structured supplier dialogue facilitation, FRAcademy purchasing-team training, and the proprietary Scorebox web platform that manages requests, document exchange, and report delivery.

Product overview

FRA-Services AG offers a suite of financial risk analysis services centered around supply chain risk management. The core offering is the FRA Financial Risk Analysis product, which provides individualized supplier creditworthiness assessments. This is complemented by the FRA+ Scenario Analysis add-on for forward-looking risk identification, the Supplier Dialog service for facilitating strategic supplier conversations, FRAcademy Workshops for internal training, and the proprietary Scorebox web platform that orchestrates the entire analysis workflow from request to report delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• FRA Financial Risk Analysis (FRA Finanz-Risiko-Analyse) A four-page financial risk analysis report covering company overview, earnings and liquidity assessment, balance sheet structure analysis, and deep insights into debt situation, trade working capital, and investment behavior. Prepared individually by experienced balance sheet analysts (not automated) for enterprise procurement departments evaluating suppliers.
• FRA+ Scenario Analysis (FRA+ Szenarioanalyse) Forward-looking scenario analysis that extends the FRA Financial Risk Analysis by linking existing financial ratios to project potential future liquidity and stability developments under parameters such as material/energy costs, technology change, financing costs, and inflation.
• Supplier Dialog (Lieferantengespräch) Structured supplier meeting service that includes comprehensive preparation of all participants, identification of further information needs, professional conversation facilitation by FRA's financial experts, plausibility verification of supplier statements, and evaluation plus needs-based preparation of the results.
• FRAcademy Workshops Training workshops delivered to enterprise purchasing departments, focused on early detection of economic imbalances in suppliers before they manifest in financial indicators. Accessible via the dedicated www.fracademy.de platform.
• Scorebox Web Platform (Webtool Scorebox) Proprietary web-based platform that manages the complete process from financial analysis request to finished report, providing a secure data room for suppliers to upload confidential documents, a portfolio overview with filtering by industry, region, and credit rating, role-based access control, and a 15-minute onboarding training.

Quantifiable outcome

• Over 10,000 successful financial risk analyses conducted since founding in 2009.
• +2 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Task Force for Yield Enhancement and RemediationcoreImplementation/ SI/ Consulting PartnerNetwork partners specializing in optimizing earnings and restructuring companies, corporate real estate optimization, interim management, executive search, and M&A process support. These partners extend FRA's service beyond financial analysis to provide holistic intervention when supplier financial challenges are identified.
• Supply Chain and Purchasing Solutions PartnerscoreStrategic or Co-development PartnerPartners providing solutions in supply chain and purchasing with extensive expertise in sourcing, consulting, and change management. They complement FRA's financial risk analysis with operational supply chain optimization capabilities for customers.
• Strategic Financing and Subsidy Consulting PartnersminorImplementation/ SI/ Consulting PartnerPartners specializing in strategic financing solutions and identifying/applying for government funding programs. They provide financial advisory services that complement FRA's analysis when suppliers need financial restructuring support.
• Structure, Process and Cost Optimization PartnersminorImplementation/ SI/ Consulting PartnerExperts for optimizing corporate structures and processes, with expertise in cost reduction and human resources management. They support customers in implementing recommendations arising from FRA's financial analyses.
• Reporting, Earnings Improvement and Restructuring PartnersminorImplementation/ SI/ Consulting PartnerPartners helping build meaningful reporting systems and supporting result improvement and restructuring efforts. They work with customers to operationalize insights from FRA's financial risk analysis reports.
• Holistic Real Estate Consulting and Valuation PartnersminorImplementation/ SI/ Consulting PartnerPartners providing strategic real estate consulting, project management, workspace consulting, interior design, and real estate valuation across all asset classes. They address real estate-related aspects when restructuring supplier relationships or optimizing a customer's own operations.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Coupa Software: Procurement and spend management platform that embeds supplier risk and financial health modules. Represents the platform-consolidation threat: enterprise buyers may route supplier risk through Coupa rather than engaging a standalone boutique like FRA.
• Euler Hermes (Allianz Trade): Global trade credit insurance leader that also provides supplier financial analysis and business credit intelligence to corporate buyers. Overlaps with FRA's supplier creditworthiness use case, but operates at much larger scale and bundles risk analysis with insurance products.
• Creditreform: Germany's largest credit bureau and business information provider, supplying supplier credit reports, ratings, and monitoring to procurement teams. Direct competitor to FRA's supplier financial risk analysis, but operating at significantly greater scale and with standardized (not bespoke) outputs.
• Dun & Bradstreet: Global incumbent in business credit data, supplier risk scores, and procurement intelligence. Comparable to FRA in serving enterprise procurement with supplier credit information, but at vastly larger scale and with standardized data products rather than bespoke analyst reports.
• Coface: International trade credit management and supplier risk information provider. Comparable to FRA in supplying corporate buyers with supplier financial assessment, though positioned more around trade credit insurance than bespoke procurement consulting.
• SAP Ariba: Procurement platform with supplier management and risk evaluation capabilities integrated into enterprise workflows. Comparable as a competing approach to FRA's standalone supplier risk analysis, but delivered as part of a broader procurement suite.

Direct peers

• RapidRatings: Provider of proprietary financial health ratings for supplier risk management, with a flagship 'FHR' score covering tens of thousands of suppliers globally. Closest international peer to FRA in terms of scoring-driven supplier financial risk products aimed at enterprise procurement teams.
• Bürgel Wirtschaftsinformationen: German credit information and supplier risk assessment provider serving procurement and SCM functions. Closely comparable to FRA in serving German Mittelstand buyers with creditworthiness evaluation, though typically delivering standardized rather than bespoke analyst-prepared reports.

Regional players

• Bisnode (now Dun & Bradstreet): European business information and supplier credit data provider (now part of Dun & Bradstreet), historically strong in DACH and Nordics. Comparable to FRA in serving regional enterprise procurement teams with credit risk information.

Emerging players

• Achilles (now part of Álvarez & Marsal / standalone): Supplier pre-qualification and risk management platform serving procurement teams in industrial sectors. Comparable to FRA in targeting enterprise supplier risk workflows, with overlap on supplier financial evaluation alongside ESG and compliance dimensions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fra-services

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FRA-Services AG